The Building Boom

The nationwide building boom continues. Mr. Hoover recently recommended that the Federal Government refrain from building operations, as material prices are high and labor fully employed. The Federal Reserve Board has similarly voted to halt new construction of banking offices. Everyone in the trade seems to be making every effort to halt the rise in building costs, which has caused some uneasiness among mortgage companies and building and loan associations. In New York confusion has followed Justice Tierney's opinion that the Building Tax Exemption Law is unconstitutional. Appeal will be taken; meanwhile New York builders are bewildered.